Singapore Rules for A Trader In Its First Crypto Court Case

A Singapore court recently noted that the trade reversal practice on exchanges is not right. The ruling came in favor of trader B2C2 against a cryptocurrency exchange firm dubbed Quoine. & orders by B2C2 were canceled by this exchange firm Quione in the 2017 bull market period. Both parties, in particular transactions, were autonomous algorithms; there was no chance of human errors. Exchange operations involve deriving the prices of the crypto assets from other crypto exchanges.  The other exchange platforms…

China Embraces Increased Blockchain Application to Settle Court Cases

Recent reports have laid out that China's smart courts use various innovative technologies that include blockchain and artificial intelligence (AI) in deciding numerous legal cases. A report by The Xinhua news agency on December 5 stated that blockchain and smart internet courts powered by AI were used to settle over 3.1 million Chinese litigation activities between March and October 2019. With non-human, virtual judges powered by AI, appearing in court will be a thing of the past as time goes…